Shop let to tenant t/a Beauty Box until 1 July 2033 (no breaks)
Includes 2 bed maisonette to the first and second floors let on separate AST
Close to Stoke Newington Overground Station
Nearby occupiers include Nando's and a number of independent shops, cafe's and restaurants
VAT-free London Investment
Lot 22
Auction 5th May 2021
Rent £47,200 per Annum Exclusive
Status Sold
Price £902,500
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.8 miles south of Stamford Hill
4 miles north of the City of London
Roads
A10
Rail
Stoke Newington (Overground),
Rectory Road (Overground)
Air
London Luton, London City
Situation
Stoke Newington is a popular suburb in North-East London, approximately 4 miles north of the City.
The property is located on the south side of Stoke Newington Church Street, in a prominent position directly opposite Lordship Road. The property benefits from being a short walk to Stoke Newington Overground Station, and nearby occupiers include Nando's and a number of independent shops, cafe's and restaurants.
Tenure
Freehold.
Location
Miles
0.8 miles south of Stamford Hill
4 miles north of the City of London
Roads
A10
Rail
Stoke Newington (Overground),
Rectory Road (Overground)
Air
London Luton, London City
Situation
Stoke Newington is a popular suburb in North-East London, approximately 4 miles north of the City.
The property is located on the south side of Stoke Newington Church Street, in a prominent position directly opposite Lordship Road. The property benefits from being a short walk to Stoke Newington Overground Station, and nearby occupiers include Nando's and a number of independent shops, cafe's and restaurants.
Tenure
Freehold.
Description
The property comprises a three storey building, arranged as a ground floor shop, with basement ancillary accommodation and a self contained two bed maisonette to the first and second floors. The property also benefits from a rear garden.
VAT
VAT is not applicable to this lot.
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises a three storey building, arranged as a ground floor shop, with basement ancillary accommodation and a self contained two bed maisonette to the first and second floors. The property also benefits from a rear garden.
VAT
VAT is not applicable to this lot.
EPC
Available from the legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Basement
Retail/Ancillary Ancillary
59.74 sq m -
(643 sq ft) (-)
INDIVIDUAL t/a Beauty Box
15 years from 06/07/2018 until 05/07/2033
£25,000
06/07/2023 and 06/07/2028
First/Second
Residential (2 bed maisonette)
93.65 sq m
(1,008 sq ft)
INDIVIDUAL
2 year AST from 08/04/2020
£22,200
Total
153.39 sq m
(1,651 sq ft)
£47,200
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
